CM Brown proposes nuclear option on pensions: default

Her amendment calls for defaulting on more than $200 million in contributions due to the city’s three public employee pension systems in the coming fiscal year.

The idea is that it would force the matter of escalating pension obligations into the Texas Supreme Court “to bring to question the state constitutionality of forcing a municipality into bankruptcy by obliging them to maintain an unsustainable pension plan,” according to the language of the amendment.